Debt Solutions - Options

 

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Debt

Management

IVA
Bankruptcy
Protection from all unsecured creditors.

No
Yes
Yes
Long term, likely to save money.

No
Yes
Yes
Avoids selling house to release equity.

Yes
Yes
No
Unsecured creditors legally obliged to write off the debt.
No
Yes
Yes
Creditors who don’t want to help legally obliged to do so.
No
Yes
Yes
Arrangement runs for a fixed period.
No
Yes
Yes
Debts cleared over an agreed period.

No
Yes
Yes
Part of debt written off.

No
Yes
Yes
Creditors stop chasing for payment.

Sometimes
Yes
Yes
Avoids the stigma of bankruptcy.

Yes
Yes
No
Stops affairs being made public in local newspaper.
Yes
Yes
No
Stops interest building up.

No
Yes
Yes
Credit rating affected.

Yes
Yes
Yes
Service provided by a qualified professional, specialised in consumer debt and licensed.
No
Yes
Yes

 

Please contact us for specific, individual debt advice

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